For saleCondo
$112,000
911 7th St S Apt 3
Hopkins MN 55343
2 beds, 1 bath, 840 sqft
911 7th St S Apt 3 is a 2 beds, 1 bath, 840 sqft condo home for sale at $112,000 in Hopkins MN 55343. At 20% down it rents for an estimated $1,450/mo and returns $275/mo a month at a 9.6% cap rate.
The deal math
Modelled at 20% down on a 30-year loan at current market rates, before management, vacancy and maintenance reserves.
- Estimated rent
- $1,450/mo
- Monthly cash flow
- $275/mo
- Cap rate
- 9.6%
- Cash-on-cash
- 14.7%
- Max offer
- $112,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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